(a) Every person engaged in the business of buying or selling second-hand bicycles shall make a report to the Chief of Police of every bicycle purchased or sold by such dealer, giving the name and address of the person from whom purchased and to whom sold, a description of such bicycle by name, make, color, serial number thereof and any other identifying marks.
(b) It shall be the duty of every person who sells or transfers ownership of any bicycle licensed hereunder to report within seven days to the Chief of Police such sale or transfer.
(c) Whoever violates any provision of this section is guilty of a minor misdemeanor on a first offense; on a second offense within one year after the first offense, the person is guilty of a misdemeanor of the fourth degree; on each subsequent offense within one year after the first offense, the person is guilty of a misdemeanor of the third degree.